News

Alliance Captive Management (ACM) recently launched ACM Advantage Protected Cell Company (PCC) because it wanted captives to be more accessible for middle-market businesses.

AM Best has revised the outlook to negative from stable for the long-term issuer credit rating (ICR) and affirmed the financial strength rating (FSR) of A (excellent) and the long-term ICR of “a+” (excellent) of Terra Insurance Company.

AM Best has affirmed the financial strength rating of ‘A’ (excellent) and the long-term issuer credit rating of “a” (excellent) of Bermuda-domiciled Ardellis Insurance.

Drake Plastics Ltd. Co. and its parent company Drake Plastic Products Inc., have filed suit in the US District Court for the Southern District of Texas, challenging what it argues are “egregiously aggressive and wrongful enforcement actions” by the Internal IRS in relation to 831(b) micro-captives.

RV rental company, RVnGO has formed a captive to provide auto-liability and property damage coverage for RV rentals booked on its website.

The “fragmentation” of insurance supply globally is adding greater value to captive strategies as insureds look for more flexibility in their risk transfer options and sources of capital, according to Joe Peiser, global CEO of Aon Commercial Risk.

MAXIS Global Benefits Network has appointed Alexandre Rizk and Nannecy Dulin to director positions within its global business development team. 

MSIG Europe is building out its captive and alternative risk transfer capabilities with the appointment of Dr Reiner Hoffmann as head of captive and ART from 1 November, 2025.